Synternet (SYNT) Mainnet Kicks off on Cosmos (ATOM): Details

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As an experienced blockchain analyst, I am thrilled to see Synternet (SYNT) take yet another significant step towards realizing its vision of a decentralized data economy. Having closely followed the project’s development, I can attest to the importance of this mainnet launch in unlocking the full potential of SYNT’s token and enabling practical utilization.

Synternet (SYNT), a flexible blockchain that powers interconnected data structures in decentralized systems across different platforms, has unveiled the debut of its mainnet on Cosmos (ATOM). This development not only brings technological advancements but also unlocks the complete capabilities of Synternet’s token, SYNT.

Modular blockchain Synternet (SYNT) launches mainnet as Monaco stage is over

The Synternet (SYNT) team has announced the deployment of their mainnet version on the Cosmos (ATOM) network. This significant achievement marks the end of the Monaco phase and opens up a new chapter for the decentralized data economy.

As a analyst, I’m thrilled to announce that Synternet mainnet has been activated, marking an important milestone for us as we transition into becoming a Layer 1 protocol. This development signifies Synternet’s readiness to power the data economy of tomorrow’s Web3 world. For comprehensive information about this launch, please refer to our official announcement below. 🔽

— Synternet (@synternet_com) June 27, 2024

The launch of Synternet’s mainnet marks the point where SYNT cryptocurrency can be put into practice, advancing its development in line with the growth-oriented Pikes Peak roadmap. Additionally, it grants developers the opportunity to create and manage applications that leverage real-time, trustless data streams from prominent smart contract platforms.

According to Synternet CTO Jonas Simanavicius, the shift from testnet to mainnet is crucial for both developers and users within the Tendermint community. This transition signifies the maturity of the ecosystem and brings about significant benefits.

The debut of Synternet’s mainnet on Cosmos marks more than just a technological achievement – it signifies the dawn of a new era for the decentralized data economy. With SYNT, we offer genuine value by allowing users to access data services at reduced costs and contribute to a more equitable and streamlined ecosystem.

According to Synternet (SYNT) team members, the reason for selecting the Cosmos (ATOM) ecosystem was its lower gas fees and quicker transaction processing times compared to other networks. This choice highlights Cosmos’ dedication to making data access more accessible to all.

SYNT token staking process activated

As a data analysis expert, I’d put it this way: I, Daniel Haudenschild, CEO of Synternet (SYNT), highlight that the deployment of our mainnet signifies a shift in how data is commercially utilized within the expansive Web3 infrastructure.

As a crypto investor in Synternet, I’m thrilled about the mainnet launch as it brings our decentralized data economy vision to life. Now that SYNT token serves as the monetary backbone for data transactions, we open up a world of possibilities for developers and businesses. Let’s savor this achievement while keeping an excited eye on the future growth and expansion plans outlined in our Pikes Peak roadmap.

As a blockchain analyst, I would describe it this way: Since the inception of the mainnet’s operations, I have been able to utilize SYNT as a tool to acquire and settle payments for real-time data feeds from diverse publishers spanning numerous blockchains.

As a crypto investor in Synternet, I’m excited about the opportunity to earn rewards through their staking mechanism. Not only that, but I also get the privilege of participating in decision-making processes. I can vote on proposals and share my insights on protocol upgrades, feature prioritization, and resource allocation. It’s a great way to be an active member of the Synternet community and contribute to its growth.

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2024-06-27 18:18